Forex Technical Major Pairs Analysis | January 05, 2026

USDX (USD Index)

The U.S. dollar index closed higher, extending the recent rebound. However, this move does not alter the broader bearish structure. Price action continues to form lower swing highs and lower swing lows, suggesting the current advance is corrective rather than a trend reversal. As long as the index fails to reclaim the prior lower high, downside continuation remains favored, with price still on a path toward the 97.43 target zone.

EUR/USD

FBS The Best Forex Broker

EUR/USD continues to hold above the 1.1710 support level, maintaining a constructive bullish structure. Although momentum has slowed near recent highs, there are no clear signs of bearish follow-through at this stage. As long as price holds above 1.1710, the pair remains positioned for potential upside continuation. A daily close below this level, followed by a new lower swing low, would delay the bullish scenario and open the door for deeper consolidation.

Today’s critical levels to watch:

Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300

Resistance: 1.1820

GBP/USD

GBP/USD is consolidating near the 1.3450 area following the recent rally. Price action suggests a pause rather than a reversal, with no clear breakdown structure forming so far. A pullback toward 1.3450 would still be considered corrective within the broader bullish trend. As long as this level holds, bullish continuation toward the 1.3600 target remains the preferred scenario.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

USD/JPY continues to hold above the green support area, keeping the bullish structure intact. Price action remains stable, with no lower low printed so far. The next key development to watch is whether the pair can resume upside momentum and produce a new higher swing high. A decisive break below the green support zone would invalidate the bullish scenario and shift the outlook to neutral or bearish.

Today’s critical levels to watch:

Support: 155.00, 153.00, 151.00

Resistance: 158.89, 160.00

AUD/USD

AUD/USD is hovering around the 0.6700 level after the recent advance. Price is consolidating near resistance and may attempt to extend the bullish move toward the 0.6750 target. On the downside, the previously broken swing high around 0.6688 remains the key level to monitor. A pullback toward this area would still be considered corrective as long as price holds above it on the weekly basis.

Today’s critical levels to watch:

Support: 0.6600, 0.6560, 0.6500

Resistance: 0.6700, 0.6750, 0.6820

Copyright © 2026. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.